[Form 4] M&T BANK CORP Insider Trading Activity
Rhea-AI Filing Summary
M&T Bank Corporation Vice Chairman Kevin J. Pearson reported an open-market sale of 2,000 shares of common stock at $220.00 per share. After this sale, he directly holds 46,107 common shares. The transaction was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on March 5, 2026.
Pearson also has indirect holdings. A 401(k) plan holds 3,493 common shares for his benefit, and a supplemental 401(k) plan account holds 3,783 phantom common stock units that track the value of an equal number of M&T Bank common shares and are payable in cash.
Positive
- None.
Negative
- None.
Insights
Pre-planned sale of a small portion of holdings looks routine.
Vice Chairman Kevin J. Pearson sold 2,000 M&T Bank common shares at $220.00 per share in an open-market transaction. He continues to hold 46,107 shares directly, plus additional exposure through 401(k) and phantom unit plans.
The sale was executed automatically under a Rule 10b5-1 trading plan adopted on March 5, 2026, which suggests the timing was pre-scheduled rather than opportunistic. Given the remaining share balance and ongoing plan-based holdings, this filing appears to reflect routine portfolio management rather than a major change in insider sentiment.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,000 | $220.00 | $440K |
| holding | Phantom Common Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The reported transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2026. The information presented is as of March 31, 2026. The reported phantom common stock units are held by the reporting person in a plan account maintained by M&T Bank Corporation under the M&T Bank Corporation Leadership Retirement Savings Plan and represent a like number of shares of M&T Bank Corporation common stock. The phantom common stock units are payable in cash and distributed in accordance with the terms of the plan. The reported phantom common stock units also include units acquired through the dividend reinvestment feature of the plan.